Ameba-Backed Fitness App Maker Hotbody Raises $15M Series B Round


Beijing-based fitness mobile app developer Hotbody has raised a series B funding round worth over RMB100 million (US$15 million) led by Haodao Capital, with participation from Ameba Capital.

The company says it will use the proceeds on team expansion and brand marketing, as well as enhancing its content and driving up revenues.

Founded in 2014, Hotbody previously received angel investment from Ameba Capital. It completed a RMB15 million pre-A round and a RMB60 million series A round in 2015 from Meridian Capital China, Green Pine Capital Partners and other investors.

Hotbody’s mobile app provides fitness plans, video demonstrations, social networking, community events to a fitness-loving young crowd. It claims to have over 30 million registered users.

Other Chinese fitness mobile apps raising venture funding include KEEP, which received backing from Tencent, Morningside Ventures, GGV Capital and others.

Codoon, a sports and wellness service provider integrating mobile apps and wearables, also raised funding from a fund co-established by Focus Media and FountainVest Partners, as well as other investors.

Shanghai-based exercise mobile app maker Ran raised capital from BlueRun Ventures and Redpoint Ventures last year.

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